Cheap Apartments for Rent in the Downtown DC Neighborhood of Washington, DC from $700 (148 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown DC area of Washington.

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555
Rent Specials
$1,246 - $5,392
Total Monthly Price

Total Monthly Price

Base Rent
$1,246 - $5,392
Total Monthly Price
$1,246 - $5,392
Studio to 2 Bedroom Apartments Available Now

555

555 E St SWWashington, DC 20024
Affordability
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2009 Wyoming Ave NW
Rent Specials
$1,300 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,650
Total Monthly Price
$1,300 - $1,650
Studio to 1 Bedroom Apartments Available Now

2009 Wyoming Ave NW

2009 Wyoming Ave NWWashington, DC 20009
Student Housing
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  • Utilities Included
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Banner Lane
Rent Specials
$1,426 - $4,396
Total Monthly Price

Total Monthly Price

Base Rent
$1,426 - $4,396
Total Monthly Price
$1,426 - $4,396
Studio to 2 Bedroom Apartments Available Now

Banner Lane

44 Banner LnWashington, DC 20001
Transit Friendly
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1304 N Capitol St NW, Unit A
$1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475
1 Bedroom Apartment Available Now

1304 N Capitol St NW, Unit A

1304 N Capitol St NWWashington, DC 20002
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The Baystate
Rent Specials
$1,525 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,525 - $2,250
Total Monthly Price
$1,525 - $2,250
Studio to 1 Bedroom Apartments Available Now

The Baystate

1701 Mass Ave NWWashington, DC 20036
Student Housing
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  • Utilities Included
  • 3D Tour

The DC Housing Strategy: Balancing Career & Lifestyle Near Top Washington DC Area Employers

Renting in the D.C. area? Explore Takoma, Brookland, Glover Park, Charles Village, and more. Find a convenient, high-quality home near your major employer.

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The Iris
Rent Specials
$1,529 - $3,990
Total Monthly Price

Total Monthly Price

Base Rent
$1,529 - $3,990
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Iris

7 M St NEWashington, DC 20002
Student Housing
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  • Customer Reviewed

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Modern on M
Rent Specials
$1,616 - $6,703
Total Monthly Price

Total Monthly Price

Base Rent
$1,616 - $6,703
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Modern on M

465 M St SWWashington, DC 20024
Corporate Housing
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 459 M St NW

$1,695

Studio Rentals

Available Now

459 M St NW

WashingtonDC20001
property at 800 4th St SW

$1,695 - $2,250

Studio To 1 Bedroom Rentals

Available Now

800 4th St SW

WashingtonDC20024
property at 355 I St SW

$1,700 - $2,495

Studio To 2 Bedroom Rentals

Available Now

355 I St SW

WashingtonDC20024

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Downtown DC, Washington, DC Local Guide

Cheapest Available Downtown DC Apartments for Rent

 

The cheapest available apartment rental in the Downtown DC area of Washington, DC is a 1 Bed unit found at R Street Apartments priced from $825. 555 has the second lowest priced unit, which is a Studio apartment currently listed from $1,246. Here are the most affordable Downtown DC apartments for rent in Washington, DC:

Apartment ListingModel NameBed/BathPriced From
R Street Apartments1BR1BR,1BA$825
555Senior Housing S2Studio,1BA$1,246
2009 Wyoming Ave NWStudioStudio,1BA$1,300
1324 N Capitol St NWStudioStudio,1BA$1,399
Liberty Place1BR A1BR,1BA$1,446
801 R Street ApartmentsOne Bedroom1BR,1BA$1,450
Richardson (Furnished Rooms)SHAW | Furnished | Utilities Included | Private...1BR,1BA$1,450
Hodge on 7th1 Bed/1 Bath 1.1k - 50%1BR,1BA$1,457
Q Street ApartmentsESStudio,1BA$1,470
Channing E Phillips Homes1 Bedroom Jr.1BR,1BA$1,475

Best Value Apartments for Rent in Downtown DC, DC

As of June 06, 2026 the best value apartment in the Downtown DC area is the $2.25 price per square foot 1 Bed 1 Bath Model at The Biltmore Apartments in the in the Lanier Heights neighborhood starting from $2,499. The second greatest value Downtown DC apartment is the 402 M Street NW Model at 402 M Street NW, Unit Apt C starting at $2,499 with a $2.27 price per square foot in the Mount Vernon Square neighborhood. Here is today’s list of the best values for Downtown DC apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Biltmore Apartments1 Bed 1 Bath1BR,1BA$2.25
402 M Street NW, Unit Apt C402 M Street NW1BR,1BA$2.27
902 Westminster St NW902 Westminster St NW2BR,2BA$2.63
1514 26th St NW1514 26th St NWStudio ,1BA$2.44
124 Q St NW, Unit 4124 Q St NW2BR,1BA$2.25
Ellington Apartments1 Bed - 1 Bath1BR,1BA$2.27
1304 N Capitol St NW, Unit A1304 N Capitol St NW1BR,1BA$1.97
601 24th StFurnished Private Room in 3 bed/1 bath Apt3BR,1BA$1.89
801 R Street ApartmentsTwo Bedroom2BR,1BA$2.70
Pennsylvania HouseStudioStudio ,1BA$2.65

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Rent Smart in Washington DC: Best Neighborhoods to Rent for University Students

Discover the top neighborhoods for university students to rent in Washington D.C. Find affordable, convenient, and vibrant areas near major campuses on ApartmentHomeLiving.com.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Dc, Washington, DC

Ranked #2

Among cities in District of Columbia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Dc, Washington, DC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Downtown DC, Washington, and the greater Washington area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown DC Apartments

What is a cheap apartment in Downtown DC?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown DC is under $1,475.

What is the price of a cheap apartment in Downtown DC?

The cheapest apartment in Downtown DC is R Street Apartments which is listed at $825, while the average apartment in Downtown DC costs $14,887.

What types of apartments are the cheapest in Downtown DC?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 295 regular apartments in Downtown DC that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown DC?

Cheap apartments in Downtown DC have an average cost of $567 which is $14,320 cheaper than the average rent for all rentals in Downtown DC.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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